new observer replied on Thursday, November 20, 2008 10:51 AM
Sajid Sb.,
during these times, its nice idea to invest in real estate but its a risk. If you have the holding power for 2 years then there is a possibility that you will be the winner in terms of profit, your real threats are inflation and weak pkr.
Moreover, you will get alot of sellers who will want to sell their plots at a higher price as they are stuck with their investment, DON'T buy the plots/house at higher price. The seller normally demands 20 lac above the correct price so give them the price of 20 lac less than the correct price so that you can bargain at the correct price. i.e. if somebody ask for 10million for a house say you are interested to buy it at 6million as in most of the cases the correct price will be 80lac.
So be aware of those sellers as no body is gona buy their plots at those high prices. so be aware. |
